BUYCYCLE EXPANDS PRODUCT OFFERING TO INCLUDE COMPONENTS

(BUYCYCLE PRESS RELEASE)

Buycycle, the leading marketplace for premium pre-owned bikes, is launching a
dedicated marketplace for bike components. This move aims to fill a gap in the
second-hand cycling market, making it easier for cyclists to buy and sell essential parts.

Tapping into a growing market
With a current offer of over 25,000 bikes, buycycle has become a trusted destination for
cyclists around the world. Intending to further strengthen the platform’s foothold, the
decision to expand into bike components comes at a strategic time. The global demand
for bicycle parts is booming: According to recent reports, the global bicycle components
market is projected to reach $12.35 billion by the end of 2024 and nearly double to
$23.7 billion by 2034, growing at a steady compound annual growth rate (CAGR) of
6.7% Fact.MR). This rise in demand for sustainable, affordable, and upgraded cycling
solutions has, therefore, created a unique opportunity for buycycle to cater to a broader
audience that the company is ready to take on.

What’s included in the new marketplace
The marketplace will launch simultaneously in both Europe and the U.S., simplifying
domestic transactions across both regions. To maintain the level of customer protection
buycycle already offers for bikes, the Bike Parts buyer protection plan will cover issues
such as shipping damages and discrepancies between listed and received items.
Selling on the platform comes at no charge, making it easy and cost-free for sellers.

A natural progression for buycycle
Buycycle’s Co-Founder and CEO, Theodor Golditchuk, has had components in mind for
quite some time now: about the expansion: “Launching a component marketplace is a
natural step for buycycle. We’ve consistently heard from our community that there’s a
need for affordable, quality parts. By integrating this into our platform, we’re making it
easier for cyclists to upgrade or modify their bikes without breaking the bank. This move
is grounded in customer feedback and strong market demand.”

Building a global cycling community
Buycycle’s mission has always been to create a trusted platform for the global
community of cyclists so they can buy and sell pre-owned bikes with ease. The
marketplace allows anyone to find dream bikes at a fraction of the original cost, all while
offering a safe, secure, and convenient marketplace experience. Expanding this mission
to pre-owned components comes naturally and will further broaden the company’s
presence in the cycling sphere.

For more information, please visit https://buycycle.com